Crypto News 19.11.2018

P2P crypto exchange Hodl Hodl secures private funding

P2P cryptocurrency exchange Hodl Hodl concluded its first round of fundraising which was led by investors Whale Panda, Ambroid, Marsmensch and two more undisclosed investors. Hodl Hodl plans to use the funds to improve the P2P Exchange platform, to launch a P2P prediction contracts market, to continue developing the OTC business line, further development of Househodl, and to release a number of other features faster, features which are intended to be useful to the Bitcoin economy.

Hodl Hodl also announced that the exchange fee charged per trade will be lowered to 0.4% for everyone during the entire month of December this year.

Singaporean crypto exchange KuCoin raises $20M

Singaporean crypto trading platform KuCoin concluded a $20 million Series A funding round led by IDG Capital, Matrix Partners and Neo Global Capital. The investment in KuCoin, which already boats some 5 million registered users is intended to enable the platform to “create more secure, widespread global access to this rapidly expanding technology market.”

KuCoin CEO Michael Gan revealed that as a result of the partnership, KuCoin will be able to bring KuCoin Platform 2.0 online sometime in Q1 2019, increase customer support staff numbers to improve client service efforts, & enhance the platform’s global expansion efforts and supporting research efforts to find the best blockchain projects. He further revealed that growth projections estimate that ten global KuCoin user communities will be up and running by Q2, 2019 thanks to “targeted marketing and advertising campaigns.” Notably, the KuCoin Blockchain Training Center is already up and running.